http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-568 Roger Steciak Sun, 27 Jan 2008 20:41:34 +0000 http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-568 I completely agree with this blog post. I've discovered that it's best to systematize as much as possible in my life so that I can get ahead of the curve and take care of my responsibilities without spending a lot of time thinking about them. This extends from my morning routine (e.g., shaving, brushing my teeth, showering, and getting dressed) to how I handle my finances (e.g., paying a bill electronically as soon as I get it by email and recording the amount in my spreadsheet). Once a responsibility has been discharged, it's done and I don't have to think about it again. I also do the same thing with people-to-people lending sites. On Prosper, for example, I make all of my bids automatically using standing orders. When a listing meets my lending criteria and I have money in my account, a bid is placed whether I'm signed into my account or not. I don't have to agonize over the question of whether I want to bid on a particular listing or not; I've authorized Prosper's computer to made the bid for me whenever my criteria are met. I'm happy to know that Lending Club will be <a href= "http://blog.lendingclub.com/2007/11/21/lending-clubs-newest-features-increasing-simplicity-and-functionality/"> implementing standing orders soon</a>. While this approach to lending seems mechanical and impersonal, it's the only way I will lend. I learned a long time ago that it's best to put as much of my life on autopilot as I can because it's so much easier to navigate my many responsibilities this way. I completely agree with this blog post. I've discovered that it's
best to systematize as much as possible in my life so that I can
get ahead of the curve and take care of my responsibilities without
spending a lot of time thinking about them. This extends from my
morning routine (e.g., shaving, brushing my teeth, showering, and
getting dressed) to how I handle my finances (e.g., paying a bill
electronically as soon as I get it by email and recording the
amount in my spreadsheet). Once a responsibility has been
discharged, it's done and I don't have to think about it again. I
also do the same thing with people-to-people lending sites. On
Prosper, for example, I make all of my bids automatically using
standing orders. When a listing meets my lending criteria and I
have money in my account, a bid is placed whether I'm signed into
my account or not. I don't have to agonize over the question of
whether I want to bid on a particular listing or not; I've
authorized Prosper's computer to made the bid for me whenever my
criteria are met. I'm happy to know that Lending Club will be
"http://blog.lendingclub.com/2007/11/21/lending-clubs-newest-features-increasing-simplicity-and-functionality/">
implementing standing orders soon. While this approach to
lending seems mechanical and impersonal, it's the only way I will
lend. I learned a long time ago that it's best to put as much of my
life on autopilot as I can because it's so much easier to navigate
my many responsibilities this way.

]]> http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-567 Personal Finance Sun, 27 Jan 2008 00:09:47 +0000 http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-567 [...] unknown wrote an interesting post today onHere’s a quick excerptBy looking at personal finance with logical thinking, we can break it down, analyze it and change it accordingly to get the results that we want. Because the goal is to retire wealthy, we’ll work on our financial system in this next … [...] [...] unknown wrote an interesting post today onHere’s a quick
excerptBy looking at personal finance with logical thinking, we can
break it down, analyze it and change it accordingly to get the
results that we want. Because the goal is to retire wealthy, we’ll
work on our financial system in this next … [...]

]]> http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-565 How to Manage the Complexities of Finance Sat, 26 Jan 2008 20:19:51 +0000 http://blog.lendingclub.com/2008/01/26/how-to-manage-the-complexities-of-finance/#comment-565 [...] mcvetyty wrote an interesting post today onHere’s a quick excerpt [...] [...] mcvetyty wrote an interesting post today onHere’s a quick
excerpt [...]

]]>